Kettle Hill Capital Management LLC Purchases 542,585 Shares of PENN Entertainment, Inc. (NASDAQ:PENN)

Kettle Hill Capital Management LLC raised its holdings in PENN Entertainment, Inc. (NASDAQ:PENN - Free Report) by 43.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 1,801,787 shares of the company's stock after acquiring an additional 542,585 shares during the period. PENN Entertainment accounts for about 7.8% of Kettle Hill Capital Management LLC's holdings, making the stock its biggest position. Kettle Hill Capital Management LLC owned 1.18% of PENN Entertainment worth $35,711,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. M&T Bank Corp lifted its position in PENN Entertainment by 4.7% during the fourth quarter. M&T Bank Corp now owns 13,044 shares of the company's stock worth $259,000 after buying an additional 584 shares during the period. Westside Investment Management Inc. lifted its holdings in shares of PENN Entertainment by 3.2% during the 4th quarter. Westside Investment Management Inc. now owns 19,849 shares of the company's stock worth $393,000 after acquiring an additional 620 shares during the period. CIBC Asset Management Inc boosted its position in shares of PENN Entertainment by 5.8% in the fourth quarter. CIBC Asset Management Inc now owns 14,774 shares of the company's stock worth $293,000 after acquiring an additional 813 shares during the last quarter. IFP Advisors Inc grew its holdings in PENN Entertainment by 201.5% in the fourth quarter. IFP Advisors Inc now owns 1,574 shares of the company's stock valued at $31,000 after purchasing an additional 1,052 shares during the period. Finally, State of New Jersey Common Pension Fund D increased its position in PENN Entertainment by 1.4% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 103,305 shares of the company's stock worth $2,048,000 after purchasing an additional 1,426 shares during the last quarter. Hedge funds and other institutional investors own 91.69% of the company's stock.

PENN Entertainment Stock Up 2.0 %

PENN stock opened at $15.59 on Friday. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 2.34. The firm has a 50 day simple moving average of $15.97 and a 200-day simple moving average of $18.77. The company has a market capitalization of $2.35 billion, a P/E ratio of -4.39, a PEG ratio of 1.55 and a beta of 1.81. PENN Entertainment, Inc. has a twelve month low of $13.25 and a twelve month high of $23.08.

PENN Entertainment (NASDAQ:PENN - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported ($0.25) earnings per share for the quarter, topping the consensus estimate of ($0.29) by $0.04. PENN Entertainment had a negative net margin of 8.51% and a negative return on equity of 14.44%. The company had revenue of $1.67 billion during the quarter, compared to analyst estimates of $1.71 billion. During the same period last year, the business earned ($0.76) EPS. The firm's revenue for the quarter was up 4.1% compared to the same quarter last year. On average, equities research analysts predict that PENN Entertainment, Inc. will post -1.61 earnings per share for the current fiscal year.

Analyst Ratings Changes

PENN has been the subject of several research reports. Needham & Company LLC lowered their price objective on shares of PENN Entertainment from $26.00 to $25.00 and set a "buy" rating for the company in a research note on Friday, February 28th. Morgan Stanley dropped their price target on PENN Entertainment from $17.50 to $16.50 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. Mizuho boosted their target price on PENN Entertainment from $24.00 to $25.00 and gave the stock an "outperform" rating in a report on Tuesday, March 4th. Macquarie restated an "outperform" rating and issued a $26.00 price target on shares of PENN Entertainment in a report on Friday, February 28th. Finally, Benchmark reiterated a "hold" rating on shares of PENN Entertainment in a research note on Monday, March 3rd. Eleven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $22.97.

PENN Entertainment Profile

PENN Entertainment, Inc, together with its subsidiaries, provides integrated entertainment, sports content, and casino gaming experiences. The company operates through five segments: Northeast, South, West, Midwest, and Interactive. It operates online sports betting in various jurisdictions; and iCasino under Hollywood Casino, L'Auberge, ESPN BET, and theScore Bet Sportsbook and Casino brands.

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